September 24, 2007 07:00 ET

Cyclone Power Technologies Files Patent Application for New, Eco-Friendly Waste Heat Engine Technology

POMPANO BEACH, FL--(Marketwire - September 24, 2007) - Cyclone Power Technologies Inc. (PINKSHEETS: CYPW) announced today that it has filed a patent application with the U.S. Patent and Trademark Office on its Waste Heat Engine (WHE), a unique technology off-shoot of the Green Revolution Engine™.

Like the ground-breaking Green Revolution Engine, the WHE is an external combustion engine. Unlike its more powerful counterpart, however, the WHE is a self-starting engine that operates in a low pressure, low temperature range. This feature allows the engine to run on waste heat emanating from an external source, such as the exhaust from an internal (or external) combustion engine, or the direct burning of biomass (i.e., processing garbage into methane would not be required). The WHE is also designed to run efficiently on solar heat without the installation of costly photovoltaic panels.

"The WHE is an exciting development for our technology," stated inventor and Cyclone's CEO, Harry Schoell. "The low pressure design of this engine opens important new commercial possibilities for us."

Such commercial applications for the WHE include boosting the power and efficiency of large gasoline or diesel-powered generators. When installed to the exhaust system of such an engine -- that can generate over 1000 degrees of heat which would normally dissipate into the environment -- the WHE could materially increase overall horsepower and reduce fuel consumption. Additionally, once installed, the WHE could serve as a stand-by generator should the primary system shut down.

Another major commercial application includes solar-power generators for homes or businesses. By attaching as little as 500 sq. ft. of inexpensive poly-carbonate panels to a roof, enough heat can be produced to run the WHE. The company believes that such a system could be installed in a home at 1/5 the price of comparable photovoltaic panel systems, while also providing home owners with a back-up power supply that current solar options do not.

"If no one's home and electricity is not needed, many states allow for homeowners to put that electricity back into the power grid and receive credit for its production," noted Mr. Schoell. "Our WHE system could save homeowners in sun-rich states thousands of dollars a year, while helping the environment through the application of solar energy."

The company will be testing the WHE over the following months and commencing discussions with potential licensees in the commercial truck, large generator and home builder markets. The company believes that the WHE could be in commercial production by the end of 2008.

CORPORATE PROFILE

Cyclone holds the U.S. patent, international patent applications, and exclusive commercial rights to the Green Revolution Engine™ an environmentally friendly and highly efficient external combustion, heat-regenerative engine. Developed by Cyclone's President and CEO, Harry Schoell, the Cyclone engine regenerates (or recycles) its heat, which allows it to run cleaner, cooler and more efficiently than traditional internal combustion engines. The Green Revolution Engine is capable of running on any liquid or gaseous fuel, including ethanol, bio-diesel and propane. The company also recently filed a patent application for its Waste Heat Engine, a low-pressure engine capable of running on heat emitted from external sources, including the waste exhaust of a power generator or renewable solar power. Both these engines are lubricated with de-ionized water instead of motor oil, and by eliminating many subsystems like oil pumps, radiators, catalytic converters and fuel injectors, the Cyclone engines are expected to cost less to manufacture, operate and maintain. The Green Revolution Engine in particular is highly scalable and sufficiently powerful for applications ranging from lawn equipment and small home generators, large stand-alone generators, to cars, trucks, buses, RVs, boats and ships, as well as earth moving equipment and locomotives.

Safe Harbor Statement

This release contains certain "forward-looking" statements, as well as historical information, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we can give no assurance that the expectations reflected in these forward-looking statements will prove to be correct. Forward-looking statements include those that use forward-looking terminology, such as the words "anticipate," "believe," "estimate," "expect," "intend," "may," "project," "plan," "will," "shall," "should," and similar expressions, including when used in the negative. Although we believe that the expectations reflected in these forward-looking statements are reasonable and achievable, these statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. Additionally, the company's actual or future results may differ materially from those anticipated depending on a variety of factors, including continued acquisition and maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products and continued product innovation, sales and earnings growth, and general economic conditions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements attributable to us are expressly qualified in their entirety by these and other factors. Cyclone Power Technologies does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results, reflect events or circumstances or to changes in its expectations, except as may be required by law.